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November 22, 2023

Eliq Powers Up with €10M Funding Boost for Sustainable Home Energy Vision

In a big leap towards reshaping the future of sustainable living, Eliq has just closed an electrifying €10 million round

In a strategic move toward reshaping the landscape of home energy efficiency, Swedish software company Eliq has successfully secured €10 million in its latest growth round. The funding round, a collaboration between existing investor Inven Capital, and newcomers Axpo and Valkea, along with support from Eliq's existing customers Axpo and Fortum, coupled with additional debt financing, paints a promising future for the company.

Founded in 2016 by a team of energy experts and software entrepreneurs, Eliq embarks on a mission to decode the complexities of the world's energy data. Håkan Ludvigson, CEO and co-founder, emphasizes the company's commitment to fostering sustainable living and financial empowerment through innovative energy solutions.

At the core of Eliq's vision lies its energy intelligence platform, a powerful tool designed to revolutionize home energy efficiency. By collaborating with utilities, banks, smart home providers, and others, Eliq enables customers to navigate the labyrinth of energy data, promoting energy-efficient practices, guiding upgrades, and facilitating green financing.

As households contribute a substantial 27% to final energy consumption, Eliq's platform has already showcased its transformative potential. The company claims remarkable savings of up to 9% for its clients, a testament to the tangible impact of technology on energy efficiency and cost reduction in homes globally.

Håkan Ludvigson, the visionary CEO, underlines Eliq's ambitious goal to empower 1 billion individuals to actively participate in the home energy transition. With the backing of the recent EU directive emphasizing the significance of energy data, Eliq stands poised to redefine the conversation around home energy usage.

Eliq's latest funding injection not only fuels its growth but signifies a pivotal moment in the pursuit of a greener and more affordable energy future. The company's dedication to Open Energy Data and its transformative force in the digital age positions Eliq as a key player in reshaping the future of home energy consumption.

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
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